Fixed interest rate for years 1-5; variable for years 6-10. Our client was a relatively new real estate investor and didn’t have a strong fico score. His income was tricky because of losses from a previous year and he was […]
The borrower was very organized and gave us their documents quickly. From submission to approval, 24 hours. To loan docs, in under 7 days. Waived the appraisal, funded and closed within 18 days. Directly funded by JDM Funding!
In this scenario, our borrower was a young entrepreneur with good credit, who was completing their first real estate construction investment. We were able to get this loan approved and closed within 15 days.
In this loan, we had a borrower with maturing interim loan that needed to be refinanced, and the house was listed on the market for sale which made it very difficult to secure a new loan. Additionally, the borrower’s tax […]
In this deal, we had a developer that owned many properties and came across a house on the beach that would be perfect for his vacation home. Given the amount of properties and the way his income was reported, it […]
The borrowers vacated the property and were in the process of converting the property into an investment property and looking to secure a tenant. Given their financial positions, they needed the cash-out now to consolidate debt, reposition their company and […]
8.00% with no prepay penalty for 18-months with extensions. In this particular case, our clients were purchasing a 5-unit apartment building and converting them into student housing. We were able to get them 70% LTV on the purchase and 100% […]
In this loan, we had a borrower buying a 2nd home that had extremely complicated income and assets. In addition, the property being purchased had fallen out of escrow multiple times. We were able to qualify the income and assets, […]
In this scenario, we had a borrower that owned many properties and entities that had a Hard Money balloon that was due. Borrower had tried with other lenders and was unable to qualify. In addition, there was work going on […]
This loan was very complicated and took several months to close. We had a borrower with multiple sources of income, a property that had a LA-Retrofit lien on under the new Soft-Story program, and delinquent property taxes. Although we were […]